08/29/2014 Live Update

[Cobra]

If you're StockCharts member, please do me a little favor by "vote" and the most importantly "follow" my public chart list HERE. You need "follow" only once but vote can be done everyday, so whenever you have time, please vote for me, thanks! If you're not StockCharts member, you can also help boosting my rank by clicking the link once everyday.

• Please, again, all my calls in the daily live update is for intra-day only, they're absolutely invalid when the closing bell rings. If you're interested in the forecast for days and weeks, Please subscribe my Daily Market Report.

• Personal attack on any board members won't be tolerated. Please limit your topic to trade related only.

• Please no direct link to your personal web site or blog. You must post rich contents here. You can, however, put link to your personal web site or blog as your signature.

• I'm very busy during the trading hour, so your question posted on board might not be answered. For a guaranteed answer to your question please send email to [email protected].

========================================================================================================================================================================

50% chances of double top, break the horizontal blue line below to confirm.

[cletus]

Crude is approaching its target as told. That's just a first level. This thing is going to fly.

[Cobra]

members only update starts here: http://www.cobrasmarketview.com/2014/08 ... ay-update/

[cletus]

As for VIX:VXV the new all time highs were predicted a few weeks ago based on VXV pushing to a new high ahead of the VIX. The call was correct. Now we have another milestone. VIX:VXV plunged to a "warning" zone. We could play around here for a few days before the next pullback begins.

[L_T]

Thanks to Mr Bachnut for the commentary re: coffee. Nice seasonality chart.

Al my T2104 is showing red vol stop dots but SPY hasn't made a lower low yet. I guess it would depend on personal rules whether or not this would be an exit signal.

[L_T]

Crude is approaching its target as told. That's just a first level. This thing is going to fly.

I like the looks of your crude long idea ever since you mentioned it I think last week sometime. Looks like it may bounce for a bit here.

[uempel]

Update:

Close-up

[Cobra]

members only update at 9:45 am
http://www.cobrasmarketview.com/2014/08 ... ay-update/

[Varaha]

Update:

2.png

Close-up

1.png

Uempel: Can you please display your corresponding (updated) similar chart for $DAX?

[Cobra]

morning hourly black bar.

[Cobra]

members only update at 10:05 am
http://www.cobrasmarketview.com/2014/08 ... ay-update/

[FlowerGirl]

Closed SCO when price broke above the lower TL. Opened 1/3 position for UCO. Will add more on cross of top two oscillators. Targeting upper blue trend line.

[uempel]

Update:

The attachment 2.png is no longer available

Close-up

The attachment 1.png is no longer available

Uempel: Can you please display your corresponding (updated) similar chart for $DAX?

Guys, this is for DAX traders resp for Varaha: here the chart. I'm adding two other DAX charts (daily and weekly) which show resistance/support levels. Note that these levels change daily/hourly as they are dependent on the BBs 13/1, 20/2 and MA 9 (daily and weekly levels). These levels are a really helpful for trading DAX ...

These are yesterday's charts as stockcharts updates DAX at the close. At this very moment DAX down at 9391 (9390: support from steep upwards channel which began August 8th, it's not shown on the charts above)

[uempel]

DAX very weak, breaking support 9390 and presumably on its way down to 9330

[Cobra]

triangle, bias is down. but I guess it's range day today so don't expect down much if indeed down.

[uempel]

Bye guys, I guess I'm off, as this is (most presumably) going to be a boring day

[Heck]

Almost 7 Index opening long undervalued puts for each call
= Market major down on "exogenous" martial event:

http://www.ise.com/market-data/isee-index/

[DellGriffith]

Looking at daily SPY bollinger bands, the simple moving average (as denoted by the center line of the bollinger band, as opposed to the upper and lower bands) is about to make a bullish cross of the 50 dma. This has a strong record of marking tops as of late. 9 of the last 12 (75%) bullish crosses have resulted in price touching the lower band within 1 month. In several cases, it has marked outright tops.

Interestingly, going back further than 12 cases and the signal doesn't work nearly as well. It seems like a recent development. I like to use it as a secondary or confirmation signal and not directly trade it. I can draw up some charts on this over the weekend.

[Out of Bounds]

Looking at daily SPY bollinger bands, the simple moving average (as denoted by the center line of the bollinger band, as opposed to the upper and lower bands) is about to make a bullish cross of the 50 dma. This has a strong record of marking tops as of late. 9 of the last 12 (75%) bullish crosses have resulted in price touching the lower band within 1 month. In several cases, it has marked outright tops.

Interestingly, going back further than 12 cases and the signal doesn't work nearly as well. It seems like a recent development. I like to use it as a secondary or confirmation signal and not directly trade it. I can draw up some charts on this over the weekend.

I used to try and trade 'bullish' crosses and found them to be absolutely worthless. They lag actual moves and are only good at letting you know what is in the rear view mirror.

[DellGriffith]

Looking at daily SPY bollinger bands, the simple moving average (as denoted by the center line of the bollinger band, as opposed to the upper and lower bands) is about to make a bullish cross of the 50 dma. This has a strong record of marking tops as of late. 9 of the last 12 (75%) bullish crosses have resulted in price touching the lower band within 1 month. In several cases, it has marked outright tops.

Interestingly, going back further than 12 cases and the signal doesn't work nearly as well. It seems like a recent development. I like to use it as a secondary or confirmation signal and not directly trade it. I can draw up some charts on this over the weekend.

I used to try and trade 'bullish' crosses and found them to be absolutely worthless. They lag actual moves and are only good at letting you know what is in the rear view mirror.

I find they can work really well, but maybe I found some good ones on the right indexes.